Purchasing your home is a smart financial move, since it eliminates rental expenses and adds a valuable asset to your name. A smart real estate investment requires extensive planning, however, so you should start now if you want to become a homeowner this year. Here are three steps you should take to prepare for this important investment.
Top 3 Tips For Buying a Home This Year
1. Meet With a Mortgage Broker
Before you begin your search, sit down with a mortgage broker to discuss your finances. During this first meeting, your broker will go over your taxes and financial statements to determine how much money you can put towards a home. After evaluating your finances, your mortgage broker may issue you a pre-approval letter, which you can provide a real estate agent to help you find a home that fits your budget.
2. Make a Must-Have List
Every home has a different appeal, with some properties boasting spacious yards and others luxurious kitchen finishes. To help you focus on what matters most to your family, create a list of “must have” features for your new home before visiting any properties.
3. Find a Real Estate Inspector
Once you find a home you love, you’ll need to have it thoroughly checked for any issues that may be invisible to you. To confirm that the property is a sound investment, hire a home inspector with experience in your target area. Don’t forget to discuss rates, report types, and inspection choices beforehand so you know what to expect.
If you’re dreaming of becoming a homeowner in Atlanta, GA, start the process today with New Generation Realty, LLC. Focusing on helping families find exactly what they need, these experienced real estate agents do everything from determining the value of your property to helping you find your dream home. Send them a note online or call (678) 359-6500 with any questions.